Chief Financial Officer

Opportunity Type: Job
Microloan Foundation
Malawi
About the Organization: 
The MicroLoan Foundation is a microfinance organization working in Malawi and Zambia. It provides microfinance services and training to groups of rural women and helps them start small businesses and work their way out of poverty.
About the Job: 
MicroLoan Foundation is seeking a Chief Financial Officer (CFO). S/he will be responsible for establishing robust processes, procedures, and internal controls to help the company develop in an efficient and as risk free manner. S/he will also be actively participating in strategy development and its execution and deputize for the CEO as required.
Tasks and Responsibilities: 

• Creation of long and short term financial plans, including those that support the MicroLoan group's strategy;
• Preparation of the annual financial budget in Malawi and ensuring that appropriate financial information is provided for these exercises and deadlines are met;
• Manage, supervise, and oversee day to day record keeping and accounting in the Malawi office. Ensure the appropriate, accurate and timely financial management monthly reporting, for the CEO Malawi, UK management, Malawi trustees, and Malawi Reserve Bank;
• Ensure the development and operation of an effective internal controls framework throughout MicroLoan Malawi, to include cost control, bank reconciliation, safeguarding of assets;
• Manage the annual audit process in Malawi and ensure that appropriate external and internal audit processes are implemented;
• Provide analysis to support the viability of all forms of social investment to MicroLoan Malawi. This will include reporting statistics for outside funding agencies and also in future social investment lenders;
• Ensure the effective operation of treasury activities in Malawi, including cost effective international transfers and general systems for payments and receipts. Establish monthly cash flow updates and review the reserves policy at least annually;
• Ensure that payroll and pensions is correctly managed in line with Malawi Revenue Authority and charity requirements;
• Ensure that the charity has the appropriate tax advice and guidelines to minimize tax liability and to pay all due amounts on time;
• Develop, implement, and ensure the effective operation of an IT and MIS infrastructure in Malawi that is fit for purpose and appropriately supported;
• Develop, implement, and maintain a risk management process to ensure that risk is managed to a level agreed with the CEO and trustees;
• Work with the UK head of fundraising and team. Supporting donor applications and relations and ensuring that the fundraising reporting is accurate and fit for purpose;
• Represent the charity as appropriate to outside bodies (e.g. donors, partners, seminars);
• Recruit, manage, and develop/structure the finance team (five permanent staff), ensuring regular supervision, support, and training.

Qualifications: 

• ACCA/CIMA/Master's degree in Accounting with a successful track record of running the financial affairs of a charity or business;
• At least 5 years of work experience in a senior management role in the microfinance, banking, financial services or related industries;
• Must be able to manage demanding workload and strict deadlines;
• Clear demonstration of having shown initiative and having managed and led projects to a successful conclusion;
• Good eye for detail and strong written and verbal communication skills;
• Essentially good fun to work with and an ability to relate to and work with people at all levels in an international culture;
• Relate strongly to the vision and ideals of the charity.

Closing Date: 30 Oct 2013
How to Apply:
Interested candidates can send their resume and cover letter toinfo@microloanfoundation.org.uk
Contact:
Ife Bardi
info@microloanfoundation.org.uk